High impact
Newsletter Vol. 2, No. 18
New Jersey Medicaid·Effective Mar 1, 1974
Blue Cross and Blue Shield of New Jersey (BCBSNJ) is now the designated Medicaid Settlement Agent for New Jersey hospitals and home health agencies, responsible for calculating settlements, per diem adjustments, and outpatient percentage rate changes. Unisys Paramax remains the fiscal agent for claims processing and fund disbursement. Providers must understand new timelines for disbursements (20 working days), recoupments (30-day notice before withholding), and the option to submit alternative repayment schedules to avoid payment withholding.